In the week to March 30, the benchmark Nikkei 225 index at the Tokyo Stock Exchange rose 0.72 per cent, or 72.09 points, to 10,083.56. The Topix index of all first-section issues ended the week 0.21 per cent higher, or 1.82 points, at 854.35.
Trade next week is likely to be range-bound as a new financial year starts in Japan while Chinese markets are closed until April 4," said Hiroaki Hiwata, strategist at Toyo Securities.
"And next Friday, US jobs data is due to be released," he said.
Investors were watching for the outcome of the meeting of finance ministers from the 17-nation eurozone on Friday and Saturday in Copenhagen, he said.
"But unlike a while ago, the market sentiment is not very nervous about the (eurozone's sovereign debt) issue, so if there is a positive news, that would boost share prices," he added.
After Asian markets closed on Friday, Austrian Finance Minister Maria Fekter announced that eurozone nations had agreed to boost their firewall against the debt crisis to about 800 billion euros ($A1.03 trillion).
The Bank of Japan also releases the Tankan business confidence survey on Monday.
Monex Inc chief strategist Takashi Hiroki said the Nikkei may consolidate around the 10,000 level next week with investors taking a wait-and-see attitude ahead of the economic data, and as some overseas markets close later in the week for the Easter holiday.
After recent uninspiring US economic data, "some positive news will likely be a big plus for shares. Even if (US) employment figures are bad, easing hopes may emerge", he told Dow Jones Newswires.
For the latest updates on the stock market, visit Stock Market Today For the latest updates PRESS CTR + D or visit Stock Market news Today
Related Post:
japan
- Nikkei share ehead Bank of Japan policy meeting
- Japan Stock Nikkei closed september 21 20012
- BOJ asset buying programme monetary policy september 19 2012
- Japan Airlines IPO stock prices range
- Tokyo stocks Nikkei down 8/30/2012
- japanese stock Nikkei Index outlook week august 27-31 2012
- Nikkei index outlook week august 20-24 2012
- Minutes of BOJ monetary policy meeting 8/13/2012
- Tokyo stocks Nikkei up july 19 2012
- Tokyo Stock Nikkei Futures for July 16-20 2012
- Tokyo shares market Nikkei outlook july 9-13 2012
- Japan Nikkei outlook june 25 2012
- Tokyo stocks Nikkei open up june 13 2012
- Japanese stock futures rose june 11 2012
- Tokyo stocks Nikkei open june 5 2012
- Tokyo Stock Exchange opened down june 1 2012
- Japan Stock Nikkei open higher may 28 2012
- Japanese stock futures rose may 24 2012
- Tokyo Stock Nikkei 225 closed may 2 2012
- Japanese stock market opened high april 25 2012
- Japanese government bond prices april 23 2012
- Japan stock Nikkei down april 23 2012
- BOJ to extend bond buying maturities
- BOJ policy meeting market focus today april 23 2012
- Tokyo Stock nikkei futures rose april 18 2012
No comments:
Post a Comment